- Enterprise software company Everbridge ( NASDAQ: EVBG ) saw it shares surge more than 14% Friday amid reports that it could be looking to sell itself.
- The gains came after a Bloomberg report on Thursday that said Everbridge ( EVBG ) is exploring "strategic options" that could include a sale. Such a possibility has hung over Everbridge ( EVBG ) since activist investor Ancora pushed for the company to sell itself earlier this year. However, Everbridge ( EVBG ) shareholders rejected that option in a proxy battle in May.
- Ancora had argued that Everbridge ( EVBG ), which specializes in public-warning software and technology, was worth as much as $70 a share if it were to sell itself. On Friday, Everbridge ( EVBG ) shares traded at around $41 each.
- Everbridge ( EVBG ) last month named David Wagner as its new chief executive .
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Everbridge shares rocket up 14% as sale speculation swirls